{"data":{"id":"us-sd/sdcl-58-15-15.13","jurisdiction":"us-sd","citation":"SDCL § 58-15-15.13","heading":"Private placement policy defined.","body":"A private placement policy is a variable annuity contract or a variable life insurance policy that is:\n(1) Issued exclusively to a person who is an accredited investor or a qualified purchaser, as such terms are defined in the federal Securities Act of 1933 or the federal Investment Company Act of 1940, or in regulations promulgated under either such statute; and\n(2) Offered for sale and sold in a transaction that is exempt from registration under the federal Securities Act of 1933.","path":["TITLE 58. INSURANCE","CHAPTER 58-15. LIFE INSURANCE AND ANNUITIES"],"source_url":"https://sdlegislature.gov/Statutes/58-15-15.13","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"389c20e7585356c2e5e8d5b22ed65e0d17ee6cc85a4d5f9cc4c3dbab566e2d6f","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-15-15.12","next":"us-sd/sdcl-58-15-15.14"},"notice":"GroundRules: Original legal text. Not legal advice."}